VIENNA - Iran and six powers agreed to continue talking for four more months after failing to meet a July 20 deadline to reach a deal on curbing the Iranian nuclear program in exchange for ending sanctions, enabling Tehran to access $2.8 billion of frozen cash. The announcement came in the early hours of Saturday after nearly three weeks of marathon talks in a 19th century Viennese palace, where senior officials from Iran, the United States, Britain, France, Germany, Russia and China were holed up in negotiating rooms struggling to reach an agreement.
Iran will be allowed to access in tranches an additional $2.8 billion of its frozen assets during the period of extended talks, senior U.S. officials told reporters in Vienna. "Iran will not get any more money during these four months than it did during the last six months, and the vast majority of its frozen oil revenues will remain inaccessible," U.S. Secretary of State John Kerry in a statement. "We will continue to vigorously enforce the sanctions that remain in place."
First published July 19 2014, 1:25 AM